diff --git a/release_notes.md b/release_notes.md
index 29b35f7..9a87269 100644
--- a/release_notes.md
+++ b/release_notes.md
@@ -15,21 +15,7 @@ This file tracks release notes for the loop client.
 ## Next release
 
 #### New Features
-* A new flag, `--verbose`, or `-v`, is added to `loop in`, `loop out` and
- `loop quote`. Responses from these commands are also updated to provide more
-  verbose info, giving users a more intuitive view about money paid
-  on/off-chain and fees incurred. Use `loop in -v`, `loop out -v`,
-  `loop quote in -v` or `loop quote out -v` to view the details.
-* A stripped down version of the Loop server is now provided as a
-  [Docker image](https://hub.docker.com/r/lightninglabs/loopserver). A quick
-  start script and example `docker-compose` environment as well as
-  [documentation on how to use the `regtest` Loop server](https://github.com/lightninglabs/loop/blob/master/regtest/README.md)
-  was added too.
 
 #### Breaking Changes
 
 #### Bug Fixes
-* A bug that would not list autoloop rules set on a per-peer basis when they 
-  were excluded due to insufficient budget, or the number of swaps in flight
-  has been corrected. These rules will now be included in the output of 
-  `suggestswaps` with other autoloop peer rules.
diff --git a/version.go b/version.go
index 61a9b3a..9ba8f26 100644
--- a/version.go
+++ b/version.go
@@ -27,7 +27,7 @@ const (
 	// Note: please update release_notes.md when you change these values.
 	appMajor uint = 0
 	appMinor uint = 12
-	appPatch uint = 0
+	appPatch uint = 1
 
 	// appPreRelease MUST only contain characters from semanticAlphabet per
 	// the semantic versioning spec.